The Republic of Armenia has joined the agreement on the establishment of the "Defense Systems" interstate finance-budgeting group
10 December, 2016 13:23Separate additions and changes concerning the participation of the Republic of Armenia in the document were made through the February 11th, 2000 agreement.
The main aim of the signed documents is to facilitate the creation and production of high-tech and competitive military, dual and civilian use products on the international markets through the interstate financial-industrial group. Yet another goal is the optimal use of the participant countries', including Armenia's, scientific, industrial, repair, and investment potential for the repair and modernization of existing units. This will in turn increase the defense potential of the Republic of Armenia.
The documents also provide legal bases and conditions for the Republic of Armenia, to participate in the integration of industrial, scientific and investment potential, and a high level of cooperative connections between the industrial complexes of participant states.